A new financial year may not call for resolutions and lifestyle changes, but your financial life will undergo a quite a few alterations in 2018-19.
April 1, the beginning of the new fiscal 2018-19, brings in some major changes in the tax structure which were announced by Finance Minister Arun Jaitley while presenting the Union Budget 2018.
In the budget 2018 speech, Arun Jaitley introduced various tax changes which will come into effect from April 1 this year.
The grievances of army is, The “net” defence budget 2018 - 2019 at Rs 2.79 lakh crore works out to just 1.49% of the GDP, the lowest such figure since the 1962 war with China.
The “net” defence budget for 2018-2019 at Rs 2.79 lakh crore works out to just 1.49% of the GDP, the lowest such figure since the 1962 war with China.
The government clarified that no change in interest rate or tax policy on small savings schemes, which includes PPF and NSCs.
While you may now be allowed by the government for premature closure of your PPF account, there are many reasons why you should avoid doing it.
PPF or public provident fund is one the most popular saving schemes. Apart from higher interest rates compared to bank deposits, PPF also offers a host of income tax benefits.
Allocations for states like Madhya Pradesh, Chhattisgarh and Rajasthan which are slated to go to polls later this year have risen by 906 per cent, 1,173 per cent and 567 per cent respectively.
Finance Minister Arun Jaitley will address the boards of the Reserve Bank of India (RBI) and markets regulator Sebi tomorrow.
Here's how these budget 2018 tax changes will impact your tax liability going forward in 2018-19 (Assessment Year 2019-20), if you are a salaried employee below 60 years.
Transport Allowance and Medical Reimbursement, used to exempt earlier, have also been stopped in this budget 2018, has given another blow to the salaried class.
While India’s budget is set to stoke demand, worsening public finances may crowd out private funding and investment, the central bank (RBI) said in a statement.
Apart from higher provisions, banks will need to amortize fees -- such as those on loan origination -- over the entire repayment period rather than book them upfront.
Huge bad loans in banks is a big problem, but there is nothing much about recovering non-performing assets (NPAs) in the Budget 2018.
Central Trade Unions term Budget 2018 as Anti-Employees and Pro-Corporate - Opinions of BMS, AITUC and CITU
RBI job as the government’s debt manager just got harder after the federal budget 2018 unveiled a near-record $95 billion borrowing plan in the coming fiscal year.
The government would have made a windfall had the tax on long-term capital gains (LTCG) been introduced in last year’s Union Budget.
when senior citizen opt for a higher cover, they will also get a higher tax deduction of Rs 50,000 under Section 80D. Earlier, the limit was Rs 30,000.
The Reserve Bank of India (RBI) is likely to keep its policy rate on hold this week, but could toughen its warnings against inflation.